During the day, the gold reached its highest level since April 22, closed with a decrease of 1.2% and erased part of the rise on Friday, after the operators collected benefits.
He gold more than one fell 1% This Monday, June 16, since the Operators collected benefits after prices reached a maximum of eight weekswhile the market focused on the growing conflict between Israel and Iran and in the Federal Reserve Monetary Policy Meeting This week.
He gold in cash a 1.2% to U $ S3,392.86 The ounce, having reached its highest level from April 22 at the beginning of the session. Prices rose more than 1% on Friday. The American gold futures They went down a 1%, until U $ 3,417,30.
“We must bear in mind that gold rose in the last sessions, largely in response to the conflict between Israel and Iran. Today, we are seeing more than one setback, probably due to the profits after that upward movement,” he said David MegerDirector of Metal Commerce at High Ridge Futures.
The conflict is deepened in the Middle East
Iran asked the president of the United States, Donald Trumpthat forces Israel to cease fire as the only way to end the four -day air war, while the Israeli prime minister, Benjamin Netanyahusaid his country was in the “path Towards the victory. “
The Leaders of the Group of Seven their annual conversations with the Wars Escalation in Ukraine and Middle East of Backgroundwhile the president of the United States, Donald Trumphe said that Removing Russia from the old group of the eight was a mistake.
Powell Fed.jpg Federal Reserve
Investors are also pending two -day meeting of the Fedwhich concludes on Wednesday. The American central bank is expected to maintain interest rates without changes.
“At this time, it seems that the Fed is inclined to remain waiting, given the significant uncertainty in the economy, which goes from tariffs to geopolitical tensions. Therefore, it would not be surprising to see the Fed delay any cut of interest rates,” Meger said.
Gold is considered a safe shelter asset in times of geopolitical and economic uncertainty. It also tends to prosper in an environment of low interest rates.
Among other precious metals, the silver Cash closed stable in U $ 36.33 The ounce, the platinum A 2% to US $ 1,252.57, while the palladium He won a 0.8% to US $ 1,036.10.
Source: Ambito
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